Key facts
- Unitree Robotics has been approved for an IPO on Shanghai's STAR Market.
- The China Securities Regulatory Commission has approved the company's IPO registration.
- The IPO is expected to raise $618 million.
- Unitree Robotics is described as one of China's most prominent humanoid robot makers.
Unitree Robotics has secured approval from China's securities regulator for an initial public offering on Shanghai's STAR Market. This development brings the prominent humanoid robot maker closer to a public listing.
The China Securities Regulatory Commission announced on Thursday that it had received the Shanghai Stock Exchange's review opinion and Unitree's registration documents, subsequently approving the company's IPO registration.
The IPO is expected to raise $618 million, positioning Unitree as a significant player in the publicly traded robotics sector.